For long, commercial bank lending rates have averaged at 21.37 percent, going as high as 23.13 percent in February 2017 and as low as 18.97 percent recorded in October 2017. The Central Bank Rate (CBR) fell drastically by over 20 percent to 9.5 percent from 12 percent recorded at the start of 2017 in a […]
Agricultural sector stakeholders converge in Dodoma tomorrow for the 4th Annual Agricultural Policy Conference (AAPC) that will deliberate on ways to improve its contribution to the economy. It will evaluate the outcomes of last year’s discussions on the subject and propose a new policy for implementation. Speaking in Dar es Salaam yesterday, Prof David Nyange from […]
Rwanda Stock Exchange (RSE) recorded a total turnover of over Rwf11.7 million from 123,200 shares traded in six deals during yesterday’s trading session. The bond market was quiet. According to the RSE daily market report for Monday, Bank of Kigali counter realised Rwf290,000 in turnover from 1,000 shares traded in one deal at Rwf290. This […]
The South Sudan peace talks, which started on February 5 in Addis Ababa, have stalled after the government delegation objected to a clause calling for punitive measures against saboteurs of the peace process. The issue of accountability has been the main thread among the mediators and the international community in this last attempt to bring […]
Kenya has taken a 180-degree turn from a beacon of democratic hope for much of East Africa to being just one of the rest with fears that the region’s economic powerhouse is on the brink of plunging back to the “dark Moi era” or even worse. “Reset your TV sets 30 years back. It’s about […]
Australian based online employment marketplace, Seek announced its USD 10 million (Sh900 million) investment into One African Media (OAM). This investment is part of USD 20 million that OAM shared with Babajob.com, its first investment in the Indian market, which Seek diluted 38 per cent of the equity interest. OAM owns BrighterMonday, Cheki.com, BuyRent and […]
Kenya is due to become one of the fastest-growing economies in east Africa, with a growth forecast of 6.0 percent in 2015 and 6.6 percent in 2016, the World Bank said on Thursday, citing falling oil prices and bigger infrastructure investments. Kenya’s economy grew by an estimated 5.4 percent in 2014, the bank said in […]
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